Construction and Engineering
Company Overview of Mt Højgaard A/S
MT Højgaard A/S engages in construction and civil work activities in Denmark and internationally. The company is involved in various civil works comprising concrete, concrete renovation, drainlaying, drilling and cutting, earthworks and roads, facade insulation and moisture barrier installation, infrastructure, marine works, piling, utility service infrastructure, and water supply and water treatment works. It also offers commercial construction and refurbishment services for domiciles; hotels; warehouses; multi-storey car parks; pharmaceutical and biotech facilities; production, storage and transportation facilities; and shops, shopping centers, and hotels, as well as design and engineering...
Knud Højgaards Vej 9
Founded in 1918
45 70 12 24 00
45 70 13 24 21
Key Executives for Mt Højgaard A/S
Chief Executive Officer, President and Member of Executive Board
Chief Financial Officer and Member of Executive Board
Chief Executive Officer of Hojgaard Holding A/S
Compensation as of Fiscal Year 2016.
Mt Højgaard A/S Key Developments
MT Højgaard A/S and PensionDanmark conclude conditional contract to build in Sorgenfri
Sep 16 16
MT Højgaard A/S announced that the company is to build a reinterpretation of the traditional square block of flats for PensionDanmark at the former police station in Sorgenfri. The contract value is DKK 368 million.
MT Højgaard Group Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2016; Revises Earnings Guidance for the Full Year of 2016 and Provides Earnings Guidance for the Second Half Year of 2016
Aug 19 16
MT Højgaard Group reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company’s revenue was DKK 1,604.9 million compared to DKK 1,595.9 million a year ago. Loss before share of loss of joint ventures was DKK 9.0 million compared to profit before share of profit of joint ventures of DKK 66.0 million a year ago. LBIT was DKK 5.0 million compared to EBIT of DKK 72.2 million a year ago. Loss before tax was DKK 4.9 million compared to profit before tax of DKK 68.2 million a year ago. Loss attributable to shareholders of the company was DKK 8.8 million compared to profit attributable to shareholders of the company of DKK 32.8 million a year ago. Cash flows from operating activities was DKK 245.3 million compared to DKK 14.7 million a year ago. Purchase of property, plant and equipment was DKK 48.4 million compared to DKK 29.2 million a year ago.
For the year to date, the company’s revenue was DKK 3,092.6 million compared to DKK 3,251.4 million a year ago. Loss before share of profit/loss of joint ventures was DKK 26.0 million compared to profit before share of profit/loss of joint ventures of DKK 118.9 million a year ago. LBIT was DKK 18.9 million compared to EBIT of DKK 122.2 million a year ago. Loss before tax was DKK 23.5 million compared to profit before tax of DKK 147.9 million a year ago. Loss attributable to shareholders of the company was DKK 30.3 million compared to profit attributable to shareholders of the company of DKK 58.4 million a year ago. Cash flows from operating activities was DKK 142.0 million compared to DKK 93.3 million a year ago. Purchase of property, plant and equipment was DKK 74.9 million compared to DKK 69.3 million a year ago. Negative return on equity was DKK was 6.8% against DKK positive value of DKK 6.7% a year ago.
The company revised earnings guidance for the full year of 2016. For the year, the company expects revenue to be around DKK 6.8 billion compared with a previous outlook of around DKK 7.0 billion. Operating profit/(loss) before special items to be around DKK 225 million compared with a previous outlook of around DKK 300 million. As a consequence of the postponed project start-ups and the consequent lower revenue as well as the aforementioned write-down, the outlook for the operating result before special items is lowered.
Revenue for the second half of 2016 is expected to be significantly higher, de-pending, in particular, on planned handovers in the fourth quarter of construction projects developed in-house and on significant projects in the order book not suffering further delays.
MT Højgaard and Skanska Win Contract to Build Hisingsbron Bridge Across Göta Älv in Gothenburg
Aug 19 16
MT Højgaard A/S announced that MT Højgaard has been selected to build the Hisingsbron bridge across Göta Älv in Gothenburg in a joint venture between MT Højgaard (30%) and Skanska (70%). MT Højgaard’s share of the contract is worth SEK 591 million.
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